Cree, Inc., the global leader in silicon carbide technology through its Wolfspeed business, and STMicroelectronics announced the expansion of an existing multi-year, long-term silicon carbide wafer supply agreement. The amended agreement, which calls for Cree to supply ST with 150mm silicon carbide bare and epitaxial wafers over the next several years, is now worth more than $800 million. “This latest expansion to our long-term wafer supply agreement with Cree will continue to contribute to the...